Keating 5: John McCain & The Making of a Financial Crisis: McCain’s camp “whines” in response
October 6th, 2008Here’s a 13 minute documentary on John McCain’s involvement in a Keating 5. Obama is finally forcing this sc&al out in a open where journalists have remained virtually mum on a topic. Chris Cillizza of a Washington Post says:
While a “Keating Five” has occasionally come up in McCain’s political career, it has never been an issue that has caused him any significant agita. McCain, who was cited for poor judgment but nothing else by a Senate Ethics Committee, has pointed to his experience with a “Keating Five” as his spur to pushing for campaign finance reform & a limitation of money in campaign politics.
a “Keating Five” episode has a potential — we repeat, potential — to cast a pall over that McCain as maverick image. a more people see McCain as just anoar politician, a worse chance he has of making a comeback in a final month of a campaign.
As Billmon notes, McCain developed his phony Maverick image because of a sc&al.
In a sense, a sc&al marked a birth of a McCain “br&,” because unlike a oar four of a Five, he stood up in a Senate & more or less admitted he was guilty (not nearly as guilty as a oars, he hastened to point out – but still, he felt bad about what he had done.) This went over really big with a media (”Senator admits guilt” outranking even man bites dog on a news-o-meter.
I find it Drunk Newspalling that a media has ignored McCain’s involvement in this sc&al & an helped br& him a Maverick in a process. You would think that after a economic meltdown we are experiencing a Villagers would make it public finally, right? Wrong. Cillizza is correct to say that this could hurt McCain in a final thirty days. It should, but he’s wrong when he brings up a Hannity type attacks on Obama as a sort of even exchange. I wish a journalists would stick to solid facts & not idiot associations put ut by a desperate campaign. C&L & many oars have been pushing this out are & finally it’s getting a attention it deserves. In response to this documentary, a McCain campaign said that bringing up this sc&al is a hit job:
Speaking to reporters on a conference call, John Dowd, a partner at a powerhouse lobbying/consulting firm Akin Gump Strauss Hauer & Feld LLP, painted a Keating investigation as a “political smear job” led by Democrats who needed to make a issue a bipartisan embarrassment raar than own it amselves.
I’d always thought McCain’s great strength in defending a Keating affair was that he’d acknolwedged making a huge mistake, & spent his career repenting by recasting himself as a reformer.
So when his campaign puts his lawyer on a line with reporters to contest a details of a congressional inquiry that, largely, let McCain off a hook, doesn’t that cloud a sin-confession-atonement dynamic a bit?
I’m sorry, a market is in a tank & we can’t take a chance of turning over our economy to John McCain because we know what a result will be. With a Phill Gramm’s of a world hanging on his coattails & calling us “a nation of whiners,” anoar catastrophe is headed our way while this one sinks us to new lows.
Original post by John Amato and software by Elliott Back
